Edelweiss Home Loan EMI Calculator

Edelweiss Home Loan - Lowest EMI is Rs. 944 per lakh

Last Updated 09th Dec 2016

Get monthly EMI as low as Rs. 944 per lakh with Edelweiss now offering home loans with loan tenure upto 25 years.

Lowest home loan interest rate currently offered by Edelweiss is 10.50%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 1,105 for a 15 year loan and Rs. 998 for a 20 year loan. Check the EMI for other tenures using the Edelweiss home loan EMI calculator on this page.

Edelweiss Home Loan EMI

Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to Edelweiss against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.

With Edelweiss offering Home Loans with loan tenure upto 30 years, the loan EMI can be as low as Rs. 944 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by Edelweiss on Home Loan is 10.50%.

Loan Tenure

Loan Amount (Rs.)

15 years

20 years

30 years

2,500,000

27,635

24,960

22,868

5,000,000

55,270

49,919

45,737

7,500,000

82,905

74,878

68,605

10,000,000

110,540

99,838

91,474

This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

Edelweiss Home Loan EMI calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Edelweiss Home Loan EMI is calculated:

In above formula,

P = Loan amount. This can range from Rs. 1,500,000 to Rs. 50,000,000

r = Rate of interest per month. Current rate is 10.50%, which is linked to Edelweiss PLR

n = tenure in month. For Edelweiss, this can be 360 months

Will the Edelweiss home loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

Typically, the home loan EMI remains unchanged unless the customer requests for a change and the same is approved by Edelweiss subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI)

In case the floating rate of interest on your home loan increases, Edelweiss will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by Edelweiss, the bank may increase your EMI amount.

Will home loan EMI change in case of prepayment?

Edelweiss allows prepayment at nil charges or penalty in case of floating rate home loans.

When you make a prepayment, the outstanding principal amount on your home loan reduces. In this case, you may choose to either keep the EMI the same and reduce the loan tenure (that is pay off the loan faster) or reduce the EMI and keep the loan tenure the same (that is pay lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.

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